diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateData.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateData.java
index 6adcd40b1..fe5b75986 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateData.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRateData.java
@@ -5,12 +5,12 @@
  */
 package org.mifosplatform.portfolio.floatingrates.data;
 
-import java.util.Date;
 import java.util.List;
 
 import org.apache.commons.lang.builder.CompareToBuilder;
 import org.apache.commons.lang.builder.EqualsBuilder;
 import org.apache.commons.lang.builder.HashCodeBuilder;
+import org.joda.time.LocalDate;
 import org.mifosplatform.infrastructure.core.data.EnumOptionData;
 
 public class FloatingRateData implements Comparable<FloatingRateData> {
@@ -20,16 +20,16 @@ public class FloatingRateData implements Comparable<FloatingRateData> {
 	private final boolean isBaseLendingRate;
 	private final boolean isActive;
 	private final String createdBy;
-	private final Date createdOn;
+	private final LocalDate createdOn;
 	private final String modifiedBy;
-	private final Date modifiedOn;
+	private final LocalDate modifiedOn;
 	private final List<FloatingRatePeriodData> ratePeriods;
 	@SuppressWarnings("unused")
 	private final List<EnumOptionData> interestRateFrequencyTypeOptions;
 
 	public FloatingRateData(Long id, String name, boolean isBaseLendingRate,
-			boolean isActive, String createdBy, Date createdOn,
-			String modifiedBy, Date modifiedOn,
+			boolean isActive, String createdBy, LocalDate createdOn,
+			String modifiedBy, LocalDate modifiedOn,
 			List<FloatingRatePeriodData> ratePeriods,
 			List<EnumOptionData> interestRateFrequencyTypeOptions) {
 		this.id = id;
@@ -64,7 +64,7 @@ public class FloatingRateData implements Comparable<FloatingRateData> {
 		return this.createdBy;
 	}
 
-	public Date getCreatedOn() {
+	public LocalDate getCreatedOn() {
 		return this.createdOn;
 	}
 
@@ -72,7 +72,7 @@ public class FloatingRateData implements Comparable<FloatingRateData> {
 		return this.modifiedBy;
 	}
 
-	public Date getModifiedOn() {
+	public LocalDate getModifiedOn() {
 		return this.modifiedOn;
 	}
 
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRatePeriodData.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRatePeriodData.java
index ac997011e..8b874b06d 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRatePeriodData.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/data/FloatingRatePeriodData.java
@@ -6,7 +6,6 @@
 package org.mifosplatform.portfolio.floatingrates.data;
 
 import java.math.BigDecimal;
-import java.util.Date;
 
 import org.apache.commons.lang.builder.CompareToBuilder;
 import org.apache.commons.lang.builder.EqualsBuilder;
@@ -17,19 +16,19 @@ public class FloatingRatePeriodData implements
 		Comparable<FloatingRatePeriodData> {
 
 	private Long id;
-	private Date fromDate;
+	private LocalDate fromDate;
 	private BigDecimal interestRate;
 	private boolean isDifferentialToBaseLendingRate;
 	private boolean isActive;
 	private String createdBy;
-	private Date createdOn;
+	private LocalDate createdOn;
 	private String modifiedBy;
-	private Date modifiedOn;
+	private LocalDate modifiedOn;
 
-	public FloatingRatePeriodData(Long id, Date fromDate,
+	public FloatingRatePeriodData(Long id, LocalDate fromDate,
 			BigDecimal interestRate, boolean isDifferentialToBaseLendingRate,
-			boolean isActive, String createdBy, Date createdOn,
-			String modifiedBy, Date modifiedOn) {
+			boolean isActive, String createdBy, LocalDate createdOn,
+			String modifiedBy, LocalDate modifiedOn) {
 		this.id = id;
 		this.fromDate = fromDate;
 		this.interestRate = interestRate;
@@ -45,7 +44,7 @@ public class FloatingRatePeriodData implements
 		return this.id;
 	}
 
-	public Date getFromDate() {
+	public LocalDate getFromDate() {
 		return this.fromDate;
 	}
 
@@ -69,7 +68,7 @@ public class FloatingRatePeriodData implements
 		return this.createdBy;
 	}
 
-	public Date getCreatedOn() {
+	public LocalDate getCreatedOn() {
 		return this.createdOn;
 	}
 
@@ -77,7 +76,7 @@ public class FloatingRatePeriodData implements
 		return this.modifiedBy;
 	}
 
-	public Date getModifiedOn() {
+	public LocalDate getModifiedOn() {
 		return this.modifiedOn;
 	}
 
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/domain/FloatingRatePeriod.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/domain/FloatingRatePeriod.java
index bfd721e5d..b0cc42f15 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/domain/FloatingRatePeriod.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/domain/FloatingRatePeriod.java
@@ -15,6 +15,7 @@ import javax.persistence.ManyToOne;
 import javax.persistence.Table;
 
 import org.joda.time.LocalDate;
+import org.joda.time.LocalDateTime;
 import org.mifosplatform.portfolio.floatingrates.data.FloatingRateDTO;
 import org.mifosplatform.portfolio.floatingrates.data.FloatingRatePeriodData;
 import org.mifosplatform.useradministration.domain.AppUser;
@@ -136,11 +137,15 @@ public class FloatingRatePeriod extends AbstractPersistable<Long> {
 			interest = interest.add(floatingRateDTO
 					.fetchBaseRate(fetchFromDate()));
 		}
-
-		return new FloatingRatePeriodData(getId(), getFromDate(), interest,
+		
+		final LocalDate fromDate = new LocalDateTime(getFromDate()).toLocalDate();
+		final LocalDate createdOn = new LocalDateTime(getCreatedOn()).toLocalDate();
+		final LocalDate modidiedOn = new LocalDateTime(getModifiedOn()).toLocalDate();
+		
+		return new FloatingRatePeriodData(getId(), fromDate, interest,
 				isDifferentialToBaseLendingRate(), isActive(), getCreatedBy()
-						.getUsername(), getCreatedOn(), getModifiedBy()
-						.getUsername(), getModifiedOn());
+						.getUsername(), createdOn, getModifiedBy()
+						.getUsername(), modidiedOn);
 	}
 
 }
diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
index 6e125b85a..3aea6f10e 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/floatingrates/service/FloatingRatesReadPlatformServiceImpl.java
@@ -11,6 +11,8 @@ import java.sql.SQLException;
 import java.util.Date;
 import java.util.List;
 
+import org.joda.time.LocalDate;
+import org.mifosplatform.infrastructure.core.domain.JdbcSupport;
 import org.mifosplatform.infrastructure.core.service.RoutingDataSource;
 import org.mifosplatform.portfolio.floatingrates.data.FloatingRateData;
 import org.mifosplatform.portfolio.floatingrates.data.FloatingRatePeriodData;
@@ -128,9 +130,9 @@ public class FloatingRatesReadPlatformServiceImpl implements
 					.getBoolean("isBaseLendingRate");
 			final boolean isActive = rs.getBoolean("isActive");
 			final String createdBy = rs.getString("createdBy");
-			final Date createdOn = rs.getDate("createdOn");
+			final LocalDate createdOn = JdbcSupport.getLocalDate(rs, "createdOn");
 			final String modifiedBy = rs.getString("modifiedBy");
-			final Date modifiedOn = rs.getDate("modifiedOn");
+			final LocalDate modifiedOn = JdbcSupport.getLocalDate(rs, "modifiedOn");
 			List<FloatingRatePeriodData> ratePeriods = null;
 			if (addRatePeriods) {
 				FloatingRatePeriodRowMapper ratePeriodMapper = new FloatingRatePeriodRowMapper();
@@ -173,15 +175,15 @@ public class FloatingRatesReadPlatformServiceImpl implements
 				@SuppressWarnings("unused") final int rowNum)
 				throws SQLException {
 			final Long id = rs.getLong("id");
-			final Date fromDate = rs.getDate("fromDate");
+			final LocalDate fromDate = JdbcSupport.getLocalDate(rs, "fromDate");
 			final BigDecimal interestRate = rs.getBigDecimal("interestRate");
 			final boolean isDifferentialToBaseLendingRate = rs
 					.getBoolean("isDifferentialToBaseLendingRate");
 			final boolean isActive = rs.getBoolean("isActive");
 			final String createdBy = rs.getString("createdBy");
-			final Date createdOn = rs.getDate("createdOn");
+			final LocalDate createdOn = JdbcSupport.getLocalDate(rs, "createdOn");
 			final String modifiedBy = rs.getString("modifiedBy");
-			final Date modifiedOn = rs.getDate("modifiedOn");
+			final LocalDate modifiedOn = JdbcSupport.getLocalDate(rs, "modifiedOn");
 			return new FloatingRatePeriodData(id, fromDate, interestRate,
 					isDifferentialToBaseLendingRate, isActive, createdBy,
 					createdOn, modifiedBy, modifiedOn);